After the ravages of 2020 and 2021, retailers could have been forgiven for hoping for a smoother ride at the start of 2022. Pandemic restrictions were lifted, IRL shopping was back and even travel was resuming. So far, so hopeful.
Fresh from the news that Aesop and The Body Shop are gearing up to open their first bricks and mortar locations in China later this year, Natura &Co has announced that the openings are part of a wider growth strategy, according to a report published by Nasdaq.
Puig has announced that it has increased its investment in Colombian natural cosmetics brand, Loto del Sur.
Dufry has announced that it has won the tender for the duty-free and duty-paid concessions at Brazil’s Recife International Airport for eight years.
As the COVID-19 pandemic categorically failed to be ‘all over by Christmas’ and rolled on and on into 2021, one thing became clear; those retailers who had hoped to ‘ride it out’ had some catching up to do….
Retailers faced some almost insurmountable challenges in 2021 – from renewed lockdowns shuttering bricks and mortar locations to the ongoing supply chain crisis and labor shortages, it’s a wonder any survived.
The Ordinary parent company Deciem is entering the Mexican beauty market, with a retail launch into luxury department store El Palacio de Hierro.
Sephora is set to allocate an investment of more than 150 million pesos (US$7.5 million) to open five news stores in Mexico by 2022.
Brazil retail sales continue to rise in May as consumers return post-pandemic; cosmetics reports a fall
Brazilian retail sales, excluding autos and construction, have continued to rise in May following a positive April, as consumers return following pandemic restrictions, according to a report by Reuters. However, the cosmetics and pharmaceutical sector reported a fall.
Lancôme Travel Retail Americas and Dufry have partnered to open the biggest Lancôme flagship in South America.